2 Indian-Americans among richest entrepreneurs under 40

Two Indian-origin businessmen have been ranked by Forbes magazine among the richest entrepreneurs in America under the age of 40.

Indian-origins:-
  • Vivek Ramaswamy, 30, a former hedge fund manager, has been ranked 33rd on the list with a net worth of USD 500 million and his source of wealth is investments.
  • On the 40th spot is 29-year old Apoorva Mehta, the founder and CEO of Instacart, the web-based grocery delivery service. Her net worth is USD 400 million.
List topped by??
  • Facebook’s Zuckerberg leads the pack with a net worth of USD 47.1 billion, more than four times as much as the second person in the ranks, his cofounder and college friend Dustin Moskovitz.
  • At number three is Jan Koum, who came to America at age 16. He started WhatsApp, now the worlds biggest mobile messaging service with 800 million users in 2009 and sold it to Facebook for about USD 22 billion in cash and stock in 2014.
What Forbes said??
  • Forbes said California techies dominate the first ever list of the nation’s 40 most successful young entrepreneurs under the age of 40.
  • Elizabeth Holmes is the only woman to make the Americas Richest Entrepreneurs Under 40.
  • All of the young entrepreneurs in the list have net worths of USD 400 million or more and 34 made their money in the tech sector.
  • Twenty-one are billionaires and many either created or work for some of the hottest tech companies, including Uber, AirBnB, Fitbit, GitHub, Instacart and Pinterest.
Youngest member in the list:-

Palmer Luckey, who was just 21 years old when he sold his virtual reality equipment company, Oculus, to Facebook for USD 2.3 billion in July 2014. Luckeys net worth is USD 700 million.

Try it…

GoI has announced 3 percent interest subsidy scheme for exporters to boost overseas shipping. What is the name of the scheme?

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ANS: Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit


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